Accounting Manager- South Africa (Temporary, Maternity cover)

Job Description:

At Ferring Pharmaceuticals, we help people around the world build families and live better lives. We are entrepreneurial and innovative, with a global team focused on scientific advances in the areas of reproductive and women’s health, gastroenterology, and urology. Ferring + You is all about working together and sharing ideas, so that we can bring science to life for patients around the world.

Every person at Ferring works together to change lives and help people build families. Our corporate teams offer empowering, innovative, challenging and rewarding careers – we are motivated to make a difference. To reach our full potential we collaborate, and respect and value diverse contributions so that we can grow as an organization and as professionals. Together we can influence the world around us to make life and work better.

Ferring+You

The role will be responsible for managing the finances on a country level. This will include the local forecasting, budgeting and reporting, in compliance with existing fiscal and civil regulations, as well as with specific company policies and accounting principles. The role will develop a broad understanding of finance targets across local Ferring organization. The role reports to the Country GM.

Your day at Ferring

Finance strategy and business partnering:
- Advise and challenge business with timely and proactive analyses, assessments of variances to the plans, financial impacts and risks.
- Provide Management Information to other departments
- Inform timely on any unexpected issue impacting potentially the financial performance of the Country and Area.
- Propose/implement corrective actions.
- Identify areas of improvement in business and organisation and propose implementation plan.
- Monitor key ratios.

Finance Policy:
- Strict implementation of IFRS and internal guidelines across the entities (and others if applicable).
- Adherence to the local fiscal and finance related regulations of the respective country.
- Inform timely on potential issues, assess the risks and propose corrective measures.

Accounts Payable:
- Approve payments

Manage expenses:
- Approve expense reimbursements

Overseeing and working in close collaboration with the BPO and ensuring the deliverables from the BPO:

Order goods/services:
- Verify the quality of a purchase
- Manage purchase orders

Accounts Payable:
- Document Management
- Process invoices
- Process payments
- Manage discrepancies
- Handle vendor queries
- Create and update supplier master data
- Process month end and reporting

Manage expenses:
- Handle expense claims
- Perform quality check
- Process expenses reimbursement
- Manage queries

Manage and process collections:
- Forecast collections
- Manage customer credit exposure
- Release credit hold

Customer billing:
- Generate and send invoices to customers

Overseeing and working in close collaboration with the BPO and ensuring the deliverables from the BPO:

Manage and process collections:
- Perform cash application
- Perform aging
- Collect cash
- Create and update customer master data
- Process month end and reporting

Process and manage intercompany transactions
Customer billing:
- Enter customer invoice

Period end closing and reporting:
- Define Journal Entries
- Perform analytical review
- Perform Internal Controls

Tax preparation and management:
- Calculate taxes
- Report taxes
- Monitor compliance
- Manage tax queries

Treasury management:
- Manage in-house bank accounts, debts and investments
- Manage financial risk and fraud/dispite cases
- Forecast cash and manage foreign exchange rates master data

Inventory management and validation:
- Perform Inventory accounting
- Transfer pricing
- Process month end and reporting
- Perform cost accounting and control
- Stock take

Project accounting and validations and authorisation of payments for Payroll accounting.

Overseeing and working in close collaboration with the BPO and ensuring the deliverables from the BPO:

Period end closing and reporting:
- Process current period transactions
- Generate and process Journal Entries
- Close and open, reconcile Sub-ledgers
- Update balances
- Adjust GL for period close and close GL period
- Generate financial reports
- Maintain G/L master data
- Manage allocations
- Intercompany reconciliations

Cash reconciliation: Load and reconcile bank statements.
Accounting for Fixed Assets, Tax Accounting and Payroll accounting

Financial budgeting and planning:
- Set and contribute to achieving financial goals and targets
- Forecast P&L and cash flow
- Perform budget process
- Develop of budget policies and procedures

Financial reporting:
- Perform statutory reporting by ensuring accounting records and reports are accurate, duly approved and comply with the Statutory Accounting Principles

Costing:
- Perform variance analysis

Management reporting and forecasting:
- Prepare period financial forecast
- Evaluate financial performance
- Manage financial performance

Projects and improvements:
- Support HQ/Corporate Finance in the implementation of corporate Finance programs, processes or procedures which are to be locally applied.
- Contribute to performance management and drive continuous improvement initiatives e.g. propose standardized and co-ordinated use of financial information systems, identify and propose optimization measures

Compliance and integrity:
- Strict implementation and adherence to internal guidelines, instructions, processes and systems, local as well as global
- Strict adherence to the local fiscal and finance related regulations of the respective country
- Risk management: Inform relevant parties timely on potential issues, assess the risks and propose corrective measures

Collaboration:
- Collaborate with SDM’s to ensure smooth service delivery
- Collaborate with GPO to work on continuous process improvements
- Collaborate with BPO to ensure a smooth relationship and a seamless delivery of the in-scope finance activities

Behind our innovation…There’s you

You bring the following skills and experience to Ferring:

• University master degree in Finance or Economics
• 7- years’ experience in Finance
• Solid understanding of financial and accounting principles and processes
• Auditor experience
• Demonstrated experience in leading teams, on- and off shore
• Good project and change management skills
• An analytical mindset and be a self-starter, being able to see opportunities and solve problems independently
• Good communication and stakeholder management skills
• Work independently with the ability to influence multiple stakeholders
• Ability to work in decentralised finance structure
• Ability to set long-term financial targets and sponsor performance improvement projects
• Professional business English (oral and written) as well as local language as required

People come first at Ferring

Making a difference in the life of millions of people means we succeed by working together. Our diverse backgrounds, experiences, expertise, and perspectives enable us to find solutions to even the most challenging problems, and our success is tied to each team member’s contributions. Imagine the power of your career when it’s Ferring + You.

 

Behind our purpose… There’s you

If our mission and your vision are aligned, please apply!

We strive to build and maintain an inclusive and diverse workplace with equal opportunities and mutual respect for all employees regardless of their backgrounds and socioeconomic status.

 

Location:

Ferring South Africa